fxstreet.com 03 Feb, 2021 08:15 am

XAU/USD to retest Tuesday's low at $1830

XAU/USD to retest Tuesday's low at $1830
Gold (XAU/USD) is attempting a minor bounce after falling over 1% to eleven-day lows at $1830 on Tuesday. However, the daily chart shows that a bear c

2% Fib ahead of Eurozone CPI EUR/USD's daily chart indicates scope for deeper losses.A better-than-expected Eurozone CPI is needed to save the day for the bulls.p US Dollar Index: Tuesday’s doji probes DXY bulls near two-month top US dollar index (DXY) picks up bids around 91.Even so, the greenback gauge stays near the two-month top flashed the previous day.

However, the daily chart shows that a bear cross is in the making for the yellow metal, suggesting that the sellers could remain hopeful despite the latest bounce, FXStreet’s Dhwani Mehta briefs.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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